Brendan Mulligan Sells 4,392 Shares of Figma (NYSE:FIG) Stock

Figma, Inc. (NYSE:FIG) General Counsel Brendan Mulligan sold 4,392 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $34.65, for a total value of $152,182.80. Following the transaction, the general counsel owned 881,512 shares of the company’s stock, valued at $30,544,390.80. This represents a 0.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Brendan Mulligan also recently made the following trade(s):

• On Wednesday, December 3rd, Brendan Mulligan sold 4,392 shares of Figma stock. The stock was sold at an average price of $36.68, for a total value of $161,098.56.
• On Monday, December 1st, Brendan Mulligan sold 9,343 shares of Figma stock. The shares were sold at an average price of $35.45, for a total transaction of $331,209.35.
• On Monday, November 17th, Brendan Mulligan sold 4,299 shares of Figma stock. The stock was sold at an average price of $37.29, for a total transaction of $160,309.71.
• On Wednesday, November 12th, Brendan Mulligan sold 10,000 shares of Figma stock. The shares were sold at an average price of $45.00, for a total transaction of $450,000.00.
• On Monday, November 10th, Brendan Mulligan sold 80,934 shares of Figma stock. The shares were sold at an average price of $43.47, for a total transaction of $3,518,200.98.
• On Monday, November 3rd, Brendan Mulligan sold 9,526 shares of Figma stock. The stock was sold at an average price of $48.17, for a total transaction of $458,867.42.

Figma Stock Performance

Shares of NYSE FIG opened at $37.04 on Friday. Figma, Inc. has a 12-month low of $32.83 and a 12-month high of $142.92. The firm’s 50-day simple moving average is $44.22.

Figma (NYSE:FIG) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of ($1.56) by $1.66. The company had revenue of $274.17 million during the quarter. During the same period in the prior year, the company posted $0.04 EPS. The company’s quarterly revenue was up 38.0% compared to the same quarter last year.

Institutional Investors Weigh In On Figma

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. bought a new position in Figma in the third quarter worth approximately $11,075,000. Elite Wealth Management Inc. purchased a new stake in shares of Figma in the 3rd quarter worth $1,333,000. Lattice Capital Management LLC bought a new position in shares of Figma during the 3rd quarter worth $384,000. SG Americas Securities LLC purchased a new position in shares of Figma during the third quarter valued at $5,815,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Figma in the third quarter valued at about $57,000.

Analyst Ratings Changes

Several analysts recently weighed in on FIG shares. Piper Sandler decreased their price target on Figma from $85.00 to $70.00 and set an “overweight” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reissued a “sell (e+)” rating on shares of Figma in a research note on Monday. The Goldman Sachs Group raised their target price on shares of Figma from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Zacks Research upgraded shares of Figma to a “hold” rating in a report on Thursday, August 21st. Finally, Bank of America decreased their price objective on shares of Figma from $85.00 to $69.00 and set a “buy” rating for the company in a research note on Thursday, September 4th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.86.

About Figma

Figma is where teams come together to turn ideas into the world’s best digital products and experiences. Every day, billions of people around the world use apps, websites, and other digital experiences that are made in Figma. They’re looking up directions on Google Maps; requesting rides with Uber; checking in for flights on JetBlue; streaming shows on Netflix; learning languages with Duolingo; asking questions of Claude; connecting on LinkedIn; buying goods on Mercado Libre; or booking stays and experiences with Airbnb.